Sodium Cyanide Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Sodium cyanide is a poisonous compound with the formula NaCN. It is a reagent in the mining industry to extract many minerals such as gold and silver from their ores. Also, it is used as a flotation reagent in the mining industry. It is a white, water-soluble solid. Cyanide has a high affinity for metals, which leads to the high toxicity of this salt. Its main application is in gold mining; it also exploits its high reactivity toward metals. It is a moderately strong base.
MARKET DYNAMICS
The sodium cyanide market has witnessed significant growth due to it exhibits high potential to replace a wide range of petroleum-based chemicals. Moreover, growing use in electroplating activities gas augmented the demand for sodium cyanide provides a huge market opportunity for the key players operating in the sodium cyanide market. However, relatively high prices of raw materials is projected to hamper the overall growth of the sodium cyanide market in the forecast period.
MARKET SCOPE
The "Global Sodium Cyanide Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the sodium cyanide market with detailed market segmentation product type, end user, and geography. The global sodium cyanide market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading sodium cyanide market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global sodium cyanide market is segmented on the basis of product type and end user. On the basis of product type, the global sodium cyanide market is divided into solid and liquid. On the basis of end user, the global sodium cyanide market is divided into mining, chemical intermediate, pharmaceuticals, dye and pigments, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global sodium cyanide market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The sodium cyanide market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the sodium cyanide market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the sodium cyanide market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global sodium cyanide market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The sodium cyanide market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the sodium cyanide market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the sodium cyanide market in these regions.
MARKET PLAYERS
The reports cover key developments in the sodium cyanide market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as type launches, type approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from sodium cyanide market is anticipated to lucrative growth opportunities in the future with the rising demand for sodium cyanide in the global market. Below mentioned is the list of few companies engaged in the sodium cyanide market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sodium cyanide market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Anhui Shuguang Chemical
- Cyanco
- DSM
- E. I. DuPont, Australian Gold Reagents
- Evonik
- Korund
- Orica
- Taekwang Industrial
- Tongsuh Petrochemical
- Yingkou Sanzheng,
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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Country Scope
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Sodium Cyanide Market - By Product Type
1.3.2 Sodium Cyanide Market - By End-user
1.3.3 Sodium Cyanide Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SODIUM CYANIDE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. SODIUM CYANIDE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SODIUM CYANIDE MARKET - GLOBAL MARKET ANALYSIS
6.1. SODIUM CYANIDE - GLOBAL MARKET OVERVIEW
6.2. SODIUM CYANIDE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SODIUM CYANIDE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. SOLID
7.3.1. Overview
7.3.2. Solid Market Forecast and Analysis
7.4. LIQUID
7.4.1. Overview
7.4.2. Liquid Market Forecast and Analysis
8. SODIUM CYANIDE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. MINING
8.3.1. Overview
8.3.2. Mining Market Forecast and Analysis
8.4. PHARMACEUTICALS
8.4.1. Overview
8.4.2. Pharmaceuticals Market Forecast and Analysis
8.5. DYE AND PIGMENTS
8.5.1. Overview
8.5.2. Dye and Pigments Market Forecast and Analysis
8.6. CHEMICAL INTERMEDIATES
8.6.1. Overview
8.6.2. Chemical Intermediates Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. SODIUM CYANIDE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Sodium Cyanide Market Overview
9.1.2 North America Sodium Cyanide Market Forecasts and Analysis
9.1.3 North America Sodium Cyanide Market Forecasts and Analysis - By Product Type
9.1.4 North America Sodium Cyanide Market Forecasts and Analysis - By End-user
9.1.5 North America Sodium Cyanide Market Forecasts and Analysis - By Countries
9.1.5.1 United States Sodium Cyanide Market
9.1.5.1.1 United States Sodium Cyanide Market by Product Type
9.1.5.1.2 United States Sodium Cyanide Market by End-user
9.1.5.2 Canada Sodium Cyanide Market
9.1.5.2.1 Canada Sodium Cyanide Market by Product Type
9.1.5.2.2 Canada Sodium Cyanide Market by End-user
9.1.5.3 Mexico Sodium Cyanide Market
9.1.5.3.1 Mexico Sodium Cyanide Market by Product Type
9.1.5.3.2 Mexico Sodium Cyanide Market by End-user
9.2. EUROPE
9.2.1 Europe Sodium Cyanide Market Overview
9.2.2 Europe Sodium Cyanide Market Forecasts and Analysis
9.2.3 Europe Sodium Cyanide Market Forecasts and Analysis - By Product Type
9.2.4 Europe Sodium Cyanide Market Forecasts and Analysis - By End-user
9.2.5 Europe Sodium Cyanide Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Sodium Cyanide Market
9.2.5.1.1 Germany Sodium Cyanide Market by Product Type
9.2.5.1.2 Germany Sodium Cyanide Market by End-user
9.2.5.2 France Sodium Cyanide Market
9.2.5.2.1 France Sodium Cyanide Market by Product Type
9.2.5.2.2 France Sodium Cyanide Market by End-user
9.2.5.3 Italy Sodium Cyanide Market
9.2.5.3.1 Italy Sodium Cyanide Market by Product Type
9.2.5.3.2 Italy Sodium Cyanide Market by End-user
9.2.5.4 United Kingdom Sodium Cyanide Market
9.2.5.4.1 United Kingdom Sodium Cyanide Market by Product Type
9.2.5.4.2 United Kingdom Sodium Cyanide Market by End-user
9.2.5.5 Russia Sodium Cyanide Market
9.2.5.5.1 Russia Sodium Cyanide Market by Product Type
9.2.5.5.2 Russia Sodium Cyanide Market by End-user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Sodium Cyanide Market Overview
9.3.2 Asia-Pacific Sodium Cyanide Market Forecasts and Analysis
9.3.3 Asia-Pacific Sodium Cyanide Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Sodium Cyanide Market Forecasts and Analysis - By End-user
9.3.5 Asia-Pacific Sodium Cyanide Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Sodium Cyanide Market
9.3.5.1.1 Australia Sodium Cyanide Market by Product Type
9.3.5.1.2 Australia Sodium Cyanide Market by End-user
9.3.5.2 China Sodium Cyanide Market
9.3.5.2.1 China Sodium Cyanide Market by Product Type
9.3.5.2.2 China Sodium Cyanide Market by End-user
9.3.5.3 India Sodium Cyanide Market
9.3.5.3.1 India Sodium Cyanide Market by Product Type
9.3.5.3.2 India Sodium Cyanide Market by End-user
9.3.5.4 Japan Sodium Cyanide Market
9.3.5.4.1 Japan Sodium Cyanide Market by Product Type
9.3.5.4.2 Japan Sodium Cyanide Market by End-user
9.3.5.5 South Korea Sodium Cyanide Market
9.3.5.5.1 South Korea Sodium Cyanide Market by Product Type
9.3.5.5.2 South Korea Sodium Cyanide Market by End-user
9.3.5.6 Rest of Asia-Pacific Sodium Cyanide Market
9.3.5.6.1 Rest of Asia-Pacific Sodium Cyanide Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Sodium Cyanide Market by End-user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Sodium Cyanide Market Overview
9.4.2 Middle East and Africa Sodium Cyanide Market Forecasts and Analysis
9.4.3 Middle East and Africa Sodium Cyanide Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Sodium Cyanide Market Forecasts and Analysis - By End-user
9.4.5 Middle East and Africa Sodium Cyanide Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Sodium Cyanide Market
9.4.5.1.1 South Africa Sodium Cyanide Market by Product Type
9.4.5.1.2 South Africa Sodium Cyanide Market by End-user
9.4.5.2 Saudi Arabia Sodium Cyanide Market
9.4.5.2.1 Saudi Arabia Sodium Cyanide Market by Product Type
9.4.5.2.2 Saudi Arabia Sodium Cyanide Market by End-user
9.4.5.3 U.A.E Sodium Cyanide Market
9.4.5.3.1 U.A.E Sodium Cyanide Market by Product Type
9.4.5.3.2 U.A.E Sodium Cyanide Market by End-user
9.4.5.4 Rest of Middle East and Africa Sodium Cyanide Market
9.4.5.4.1 Rest of Middle East and Africa Sodium Cyanide Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Sodium Cyanide Market by End-user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Sodium Cyanide Market Overview
9.5.2 South and Central America Sodium Cyanide Market Forecasts and Analysis
9.5.3 South and Central America Sodium Cyanide Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Sodium Cyanide Market Forecasts and Analysis - By End-user
9.5.5 South and Central America Sodium Cyanide Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Sodium Cyanide Market
9.5.5.1.1 Brazil Sodium Cyanide Market by Product Type
9.5.5.1.2 Brazil Sodium Cyanide Market by End-user
9.5.5.2 Argentina Sodium Cyanide Market
9.5.5.2.1 Argentina Sodium Cyanide Market by Product Type
9.5.5.2.2 Argentina Sodium Cyanide Market by End-user
9.5.5.3 Rest of South and Central America Sodium Cyanide Market
9.5.5.3.1 Rest of South and Central America Sodium Cyanide Market by Product Type
9.5.5.3.2 Rest of South and Central America Sodium Cyanide Market by End-user
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SODIUM CYANIDE MARKET, KEY COMPANY PROFILES
11.1. ANHUI SHUGUANG CHEMICAL
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CYANCO
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DSM
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. E. I. DUPONT, AUSTRALIAN GOLD REAGENTS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. EVONIK
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KORUND
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ORICA
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. TAEKWANG INDUSTRIAL
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TONGSUH PETROCHEMICAL
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. YINGKOU SANZHENG,
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Anhui Shuguang Chemical
2. Cyanco
3. DSM
4. E. I. DuPont, Australian Gold Reagents
5. Evonik
6. Korund
7. Orica
8. Taekwang Industrial
9. Tongsuh Petrochemical
10. Yingkou Sanzheng,
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.